Kyle Baley is an expert in .NET and ASP development and his appointment comes as part of International Private Banking Systems' strategy to migrate the IPBS product suite onto the .NET and ASP.NET platform.

Kyle most recently held software analyst positions at Verizon Communications and Marriott International. He is a Microsoft Certified Solutions Developer and will be responsible for designing, leading and implementing .NET projects at International Private Banking Systems.

International Private Banking Systems plans to have completed the entire product migration to .NET and ASP.NET by mid-2005. Client demand has driven this transition and IPBS/Investments has already been migrated, which allows the company to offer order entry, to dealing, to settlement in one application - clients now only have to input a transaction once.

Kyle Baley, Senior Development Lead at International Private Banking Systems comments: "I am delighted to join International Private Banking Systems at this crucial time in the company's development. IPBS is a solid, flexible product that meets all of the accounting and management information requirements of private banks and its migration to the .NET platform will further increase its flexibility and scalability."

Bruce Raine, Founder and Managing Director of International Private Banking Systems adds: "We are on target with our growth strategy and Kyle brings with him development skills that are vital to our .NET strategy. Many of our clients require access to systems by any number of remote users and it presents quite a challenge for them. By helping to minimize IT overhead, streamline systems within a secure environment - our ASP.NET strategy is proving to be a winning solution."